"Deutsche Bank's Chris Whitmore, raised his forecast on the company's shares based on improved earnings outlook, but has a $12 target -- well below HP's current valuation.

Whitmore rates HP a "sell" and said he remained negative, citing continued revenue losses and a weak economy.

"We remain concerned about ongoing weak printer unit shipments and the structural decline of this market, ongoing deterioration across the PC industry on both a unit and pricing basis, poor bookings performance and future contract losses in Services...", he said in a client note."

As I told, I am glad I sold over 610,000 shares at 18.5-18.6 avg and made tons on long. I am not short on HPQ but I seriously worried about survival of HPQ for many months and I still think, it has much more downside risk and those who would like capital preservation, would think twice before investing in HPQ at prices 18 and above.
There are more skeletons to fall at HPQ IMHO.

Motley article just released says
"hese leaders are only the tip of the iceberg that sank HP. Yes, sank, in the past tense. Whitman's company is doomed unless it changes with the times, and it's almost too late already. I'm always stunned when this dead stock walking gets up and runs."

I probably had one of the most experience in dealing with uncertainities and trading traps in HPQ. I am sure I learnt some and continue to make mistakes; However, for longs who have got profit, it is better to take it than lose all.
I am not short and wont touch this HPQ until it trades around 50dma

Bought 200K around 11.7. 200K around 12.6 and another 100K @13.75, original 100K @20
Hope my 100K goes at 22 soon (counting on shorts)
Shorts might scare with 16 handle or lower but I think unless there is a downgrade, HP bottom is in IMHO

Besides highend tablets with android, HP might also make android based smartphones as per many articles last week.

Also Now you can print documents from google and hp print services
Google Cloud Print™. Now, all you need is the cloud to print.
HP ePrint-enabled printers are designed to support Google Cloud Print™ right out of the box. Now you can sync your mobile device to your Google account to print from Gmail™, Google Docs™, and more without the need for a PC connection.*

I think HP is seeing one of the best CEOs in the last few CEOs (still not the very best HP has had) and she is playing the cards well. When MSFT enters surface tablet, takes 2B stake in DELL, do you think HP will sit quietly.

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